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Copper futures settle higher on Wednesday

27 Oct 2022 Evaluate
Copper futures settled higher on Wednesday with growing expectations that the US Federal Reserve will slow its pace of interest rate hikes this year. Moreover, weaker US dollar makes greenback-priced metals cheaper for buyers with other currencies.

Copper futures for December delivery gained $0.1480 to settle at $3.5450 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 3.58 percent at $7,792 a ton.